Shanghai Yuyuan Tourist Mart (Group) (SHSE:600655) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥58.1b (up 16% from FY 2022).
- Net income: CN¥2.02b (down 47% from FY 2022).
- Profit margin: 3.5% (down from 7.6% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.52 (down from CN¥0.99 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shanghai Yuyuan Tourist Mart (Group) Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 39%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Specialty Retail industry in China.
Performance of the Chinese Specialty Retail industry.
The company’s shares are down 6.6% from a week ago.
